Nice reversal candle at exhaustion low of broadening wedge close Friday. First three targets are in play starting Monday. This plays right into the analysis of ES/SPY.
Ever take a ride on a Glass Bottom Boat?
I did - Grand Bahama, Circa December 1967.
Water everywhere, leaky Wooden Tourist Trap of
a ride over Fire Coral encrusted Reefs.
Sharks circling around the scant reefs outside
the Harbour.
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It terrified me. All I could see was the water
sloshing around inside.
Visibility...
We can see the Symmetry within the 2-hour Timeframe.
The Riggers provided a Pullback into and thru our initial
downside Range for Friday @ 12420 NQ and 3971 ES.
Higher participation SELL on a Friday, a typical low
participation day... is an indication of what's to come.
AKA the larger drop we have been anxious to setup
and ride to Lower Lows.
THE CHART IS...
here is what i see: an inverse head and shoulder formed at the bottom of a series of gap downs over the course of roughly ten days. today the neck line broke. projection for this type of break is usually the size of the neckline to the peak of the head. it is no coincidence that this math works out to just about 4k. the fact there is a gap there is highly...
SPX500USD - Intraday - We look to Buy at 3927 (stop at 3871)
Following yesterday's bullish candle, the overall trend higher looks set to continue today. A weaker opening is expected to challenge bullish resolve. Support is located at 3920 and should stem dips to this area. Support could prove difficult to breakdown. Dip buying offers good risk/reward.
Our...
Curiously - I was asked what is attractive about Boobs?
It was somewhat out of context or so I thought...
The answer seemed simple.
1. Boobs are good.
2. Boobs are great.
3. Boobs are awesome.
4. Boobs are spectacular.
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In the corrected context -" Boobs" FOMOing... altogether different.
Those...
This is one of those posts that will make me a hero or a GOAT....and not the Tom Brady kind. The above chart assumes we're about to complete our "A" of larger "B" wave of wave IV in the SPX/ES Futures. If my analysis is right then A=C at around 3260....and the timeframe for that print should be around October 2022. I cannot elaborate on the events which would...
Bull Flags... from the Methaqualone Pranksters.
Violent 1 PM EST News cycles continue to provide, sudden and violent drops.
Giggle took its turn with a reduction in the Rate of Change of Hiring - aka
LAYOFFS.
Expect many more to come... they will.
Wally World has its special brand of Agenda during the Summer Squeeze.
SPY Put Bagholders continue to try to...
The Weezer Squeeze took a more aggressive tone yesterday.
Prices moved higher to Upper Ranges in the midst of EPS season.
With the Semi Stimmy due prior to CONgress exiting stage left, and
Jerry and the Gang playing with shorter skirts sans skorts... it's a
toxic environment for Sellers.
INTC CEO has decisions to make... hurry up Call Holders in CONgress,
let's...
Does it look like the bears have calmed down already?
Maybe so! Locally, price has made a couple of Higher Lows, stands at 20 EMA - yes, looks not extremely weak!
But is it time to buy?
It seems to me that it is not quite yet. We have several resistance lines, which are not broken at the moment, and we also have resistance to the 50 EMA, and on top of that we...
Ultimately - the goal for Wally is to prop this crap up into next Weeks FOMC.
It's looking tenuous at best.
The ES needs to remain out of Bear Market Territory above 3850, and the NQ needs
to hang on to 12K+ ahead of Eron's next Fraudulent Hall of Mirrors report...
It should be perfectly obvious where the next move is. Rejection from MACD and RSI support line basically spells the end of this bear flag. See you at 3300 bulls!
Price will resolve to the August VIX into Settlement.
Summer Solstice Trading provides the Riggers on the Trigger with the opportunity to
Squeeze and Squeeze and Squeeze, while whacking Miss Vix Mix.
After 3.5 Weeks of a compressing sideways Range, the Bulls are leaning towards the
larger move up now that the 3902 Gap has filled on Brando's UAE "Victory"...
good morning o/
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es has been working on a little impulse over the last couple of days.
my upside target for this current move sits at about 3999~4000.
(can take a few days to get there)
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currently unknown as to what comes next, will be determined based on the reaction we see from that 4k backtest.
Friday's move back up on very low volumes was another Lift to the Indices while lifting
was unopposed for a very Low Participation Day.
It is quite clear the ALGO has an agenda, they were not competing on ST/IT Friday. It is
easy to spot the desired defense to Price Objectives - a Violent Defense appears and with
it - the attendant Price Expansion in very short...
